Thursday, May 23, 2013

Diamond Information Center

A rare pink diamond that is regarded as one of the most desirable and beautiful in the world was sold for a record 46.16 million dollars on Tuesday, smashing previous auction records for the sale of any single diamond or jewel, Sotheby's said. Duration: 00:51.

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Diamonds in the news videos

The diamond markets recovered in 2010 as significant increases in consumer demand from India, China and Far East markets, as well as a relatively healthy U.S. holiday season, supported higher prices. Liberal U.S. monetary policies have encouraged global consumption and stimulated the market for inexpensive diamonds. They have also created currency uncertainty, inflationary expectations and surging gold prices that have encouraged investment demand for diamonds. Overall polished diamond prices and trading volumes have returned to early 2008 pre-recession levels and stabilized during the second half of 2010.

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Latest

Zimbabwe to resume diamond sales in Marange region Zimbabwe's mines minister says the country could earn billions of dollars a year selling diamonds, after the Kimberley Process watchdog said it could resume sales from sites in the Marange region, where rights violations allegedly took place. Duration: 01:22

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Diamonds in the news videos

Demand for rough diamonds from China and India is helping boost the price of the precious stone.

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Diamonds in the news videos

ST. CHARLES, MO (KTVI-FOX2now.com) - Jewelry stores along historic Main Street in St. Charles are being hit by thieves. Hundreds of thousands of dollars of specialty jewelry has been stolen in two break ins-the latest just days ago. Investigators think the break-ins could definitely be related because of the methods of operation: both have basically been smash and grabs.

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Diamonds in the news videos

British supermodel Naomi Campbell testifies at the war crimes trial of ex-Liberian president Charles Taylor in The Hague.

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Diamonds in the news videos

Actress Mia Farrow testifies at Charles Taylor's trial at the Hague, contradicting Naomi Campbell's "blood diamond" testimony

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Diamonds in the news videos

A rare diamond pearl, created for royalty and stolen from Austria, was found in a Winnipeg home during an investigation into organized crime, police say.

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Diamonds in the news videos

Thief steals diamond ring.

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Diamonds in the news videos

The 4C's of diamond buying

(NAPS)—Whether it’s the day you pop the question, an anniversary or any special occasion, nothing says “I love you forever” quite like a diamond.

But while love may be blind, there are a few things you should keep in mind before heading out to buy that diamond engagement ring or, in fact, any diamond gift.

First, understand what the 4Cs are. These are the four factors that determine the value of the diamond, and thus the value of the ring.

A good way to learn about the 4Cs—which are cut, color, clarity and carat weight—is to visit www.adiamondisforever.com.

Next, set a budget: Determine how much money you want to spend before you go into the store and stick to it. For diamond engagement rings, two months’ salary is a good starting point. Now you’re ready to go to a reputable jeweler in your area. Before you do, ask friends or co-workers for recommendations.

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The 4C's of diamond buying

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